The Globe and Mail reports in its Wednesday edition that Stifel analyst Suthan Sukumar continues to rate Lightspeed Commerce "hold." The Globe's David Leeder writes that Mr. Sukumar gave his share target a $2 (U.S.) boost to $18 (U.S.), which is 86 U.S. cents under the consensus. While the macro backdrop remains "challenging," Mr. Sukumar says he is "incrementally more constructive on the go-to-market opportunity post launch of new flagship platforms and the long runway for growth within the existing customer base alone." Mr. Sukumar says in a note: "Management has confidence that they have several levers to manage the path to break-even or better EBITDA this fiscal year, with a rule-of-40 view near-term. From a revenue perspective, management sees [merchant cash advances] as levers to manage potential macro-related headwinds. Importantly, capital remains early days but comes with attractive economics and low default rates to date (1 per cent vs. expected 2 to 4 per cent). Management maintains caution around credit risk but sees opportunity to expand from the $25-million loans outstanding LQ to $100-million to $200-million via their balance sheet by selectively targeting high quality merchants within their base."